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Reliance is a fit case for investment

Posted By On 9:00 PM Under

1.  Reliance Industries can be considered to be added in an individual portfolio and same is based on the fact that its Dhirubhai  basin is going to get commercialised soon and even reliance has tied with  major city utilities for consumption.

2. Its further development plans in eastern offshore KG-D6 block will be also paying dividends in times to come and thus it is a sound long term investmentd at current price levels.

looks very good, particularly, after the announcement about commercializing D6 next month, says PN Vijay, Portfolio Manager, on CNBC-TV18. Also the gas from the KG basin is due anytime and the supply side agreements are being tied-up with the major city utilities, he adds. So Reliance Industries is a very good long-term pick at these levels among other Reliance stocks, he says. It is currently trading at Rs 2,221.85, down 0.1% on the BSE.Subscribe Here to Get Free Millionaire Potential Stocks in Your Email Inbox Free Of Cost.

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